fortuneteller
Long

Long in Gold.....

COMEX:GC1!   GOLD FUTURES
1. Gold             is Looking Bullish , It Completed Cypher Pattern .
2.Higher lows in RSI .
3. FED Meeting in December and FED said "Still Open about December Rate Hike", which has built pressure.
4. Job Data's this week.
5.Can go Long for Initial Target of $1150 .
6- Near Stops so Good R/R...
Trade closed: stop reached
Are you suggesting US data will not come out positive for a rate hike to go ahead for december as such push gold much higher as forecasted by your chart.
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Yes, and even slightly negative will do the job. We Have to look forward to GDP Data and Consumer Confidence on 24 Nov, Gold is currently in a channel bottom line is at 1060 and top line is at 1180 right now, we need a breakout, and i think if it will start rising this time it would give a top breakout...
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I hope you are right, I went long because of your analysis :)
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fortuneteller martin1024
Hope so, I went Long @ 1080 booked 50% @ 1093 now will hold 50% for targets, risk free and tomorrow we have FED minutes, so it will make a big move tomorrow.....
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